PillPack Is Raising More Money to Take On Pharmacies

PillPack Is Raising More Money to Take On Pharmacies
AP Photo/Matt Rourke, File

Online pharmacy startup PillPack is raising new venture capital funding at around a $330 million pre-money valuation, Fortune has learned.

The Somerville, Mass.-based company on Tuesday disclosed via an SEC filing that it already has secured $31.1 million of a $40 million round, but multiple sources say that PillPack's board has discussed increasing the overall raise to $50 million because of intense investor interest.

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